Property Description

Investor or owner-user opportunity directly across from the Beverly/Edgewater Park River Line station. 644 Cooper St is a 3-unit mixed-use building on an irregular corner lot with frontage on Cooper St, Railroad Ave and Elizabeth St, zoned C-1 Neighborhood Commercial, which permits more than one business per lot. Three income streams under one roof: (1) a street-level storefront of approx. 1,500 sq ft with a commercial kitchen, retail floor and basement storage. C-1 permits restaurants and cafes, convenience/grocery and general retail, professional and medical offices, salons and barbershops, studios and day care; a laundromat or other use not on the list would go through the Beverly Joint Land Use Board. (2) A rear commercial unit of approx. 800 sq ft with its own entrance, ideal for an office, salon, studio, tailor or small professional practice. (3) A large second-floor one-bedroom apartment with laundry hookups, rooftop access and dedicated parking, a few minor touch-ups from rent-ready. Fair Market Rent for a one-bedroom in 08010 is $1,560/month. The building sits on a large basement with a solid foundation and upgraded electrical service. Off-street parking runs along the side of the building, and the open rear corner of the lot at Elizabeth St and Railroad Ave (roughly 100 x 75 ft) can be paved for a customer lot or subdivided and developed, subject to Joint Land Use Board subdivision approval. Steps to the light rail and the station’s 200-space commuter lot feeding daily foot traffic past the storefront. Each unit is also being offered for lease separately. Square footage, lot dimensions and development potential to be verified by buyer.

Property Features

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